Citrus Company is considering a project that has estimated annual net cash flows of $$34,080$ for seven years and is estimated to cost $$160,000.$ Citrus's cost of capital is $20$ percent.

Determine the net present value of the project. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)($Use appropriate factor$($s$)$ from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to $2$ decimal places.$)$

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Net Present Value

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Based on NPV$,$ determine whether project is acceptable to Citrus.

Unacceptable

Acceptable